El Paso looks to simplification

El Paso has effectively exited the wholesale power trading market by selling the majority of its power trading portfolio.

Morgan Stanley Capital Group bought the bulk of the portfolio from the El Paso Marketing subsidiary for $442 million.

As a result of the sale, El Paso Marketing's power deal count is reduced from 921 deals to 104. Its credit exposure is reduced from 24 counterparties to two.

"This transaction will eliminate market risk for most of our power positions and further simplify our

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here